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Precious Metals Dealer Prices: February 2026

Now for something a little different. While spot prices give us the theoretical market value, dealer prices tell us what’s actually happening on the ground—what buyers pay and what sellers receive. Here’s a look at the buy and sell prices for 1 oz gold and silver bars and coins throughout February 2026, all in Canadian dollars.

Gold Bars

For 1 oz gold bars, the spread between what dealers pay and what they charge remained fairly consistent. Dealer buy prices opened at $6,211 on February 2nd. There was a dip early in the month—the 5th saw the low point at $6,193—but things picked up from there. By month’s end, dealers were buying at $6,832 on the 27th. On the selling side, prices started at $6,603 and climbed steadily. The high water mark came on the 23rd, with dealers asking $7,334 for a 1 oz bar.

Gold Coins

Gold coins carried a slight premium, as you’d expect. Dealer buy prices for coins ranged from a low of $6,356 on the 5th to a high of $7,011 on the 27th. Selling prices followed a similar pattern, opening at $6,642 and peaking at $7,370 on the 23rd. The coin premium was typically in the $30-$40 range over bars on the sell side.

Silver Bars

Silver saw some real volatility this month. Dealer buy prices for 1 oz bars dropped dramatically on February 5th to just $86.43. That was the low point. From there, it was a slow recovery, with buy prices climbing to $115.13 by the 27th. Sell prices told a similar story—dropping to $103.90 on the 5th, then rallying to hit $138.41 on the 27th. That’s a pretty wide swing in just a few weeks.

Silver Coins

The coin market for silver mirrored the bar market, though with the usual premiums intact. Buy prices bottomed out at $94.88 on the 5th and reached $122.80 by month’s end. Sell prices ranged from $104.29 at their lowest to $136.49 at their highest. Interestingly, there were a couple of days where bar sell prices actually exceeded coin prices—the 26th and 27th show bars commanding a slight premium.

The Raw Data

That’s the dealer landscape for February. The spreads between buy and sell prices offer a real-world glimpse into the precious metals market beyond just spot prices. For the complete breakdown of daily figures, check out the full raw data post for February.

Mining data visuals

Sector Support: February 2026

Two key players in the Canadian mining supply chain, Finning and Toromont, showed some interesting movement in February.

Finning started the month at $87.53 and, after a brief dip to $86.33 on the 5th, worked its way upward. The stock hit its stride late in the month, peaking at $93.62 on the 25th before settling at $91.96 on the 27th.

Toromont, trading at a significantly higher price point, had a stronger run. Opening at $174.94 on the 2nd, it climbed steadily throughout February. The stock saw a notable surge mid-month—jumping from $183.25 on the 10th to $195.39 on the 11th—and kept pushing higher. Toromont reached its peak of $211.80 on the 26th, closing the month virtually unchanged at $211.70.

Check out the full monthly report for details.

Monthly mining insights

Gold and Silver: February 2026

OK – let’s dig into the precious metals data for February 2026. The month brought some interesting twists and turns for both gold and silver. As always, these spot prices were captured weekdays at 8 p.m. ET, expressed in Canadian dollars per ounce.

Gold

Gold opened the month at $6,530.20 on February 2nd. The first week saw some back-and-forth action—the price jumped to $6,843.72 on the 3rd, then dipped to a monthly low of $6,524.22 on the 5th. That turned out to be the floor for the month.

From there, gold began a more measured climb. There were some wobbles around mid-February, with the price touching $6,652.10 on the 17th. But the latter half of the month told a different story. Gold rallied strongly, breaking above $7,000 and hitting its peak on the final trading day, February 27th, at $7,201.84. A solid finish to the month.

Silver

Silver had a wilder ride. It started at $112.03 on the 2nd and even climbed to $122.25 by the 4th. Then came the real volatility. On February 5th, silver took a sharp nosedive, dropping all the way down to $95.45. That was the low water mark for the entire month.

It took some time to recover, drifting through the mid-$90s and low $100s for a while—hitting $98.85 on the 17th. But silver found its footing in the final stretch. The price pushed steadily upward in the last week, closing out the month at $127.80 on February 27th, which also happened to be its high for February.

The Raw Data

That’s the month in review for the precious metals. Both gold and silver saw their share of volatility, but managed to finish on a high note. If you want to examine the daily figures in detail, head over to the full raw data post for February.